At Join 2022 this month, Meta introduced the Quest content material retailer has surpassed $1.5 billion in bought VR content material since its launch in 2019, representing continued however decelerating development seemingly due principally to market seasonality.
Replace (October 18th, 2022): Article up to date with the newest Quest platform income milestone from Meta of $1.5 billion. The article beforehand lined the $1 billion milestone.
Although Meta has nonetheless but to share official unit gross sales for its Quest headsets, at Join 2022 this month the corporate confirmed that the Quest retailer has surpassed $1.5 billion in bought software program because the platform launched in 2019.
This milestone reveals the Quest platform persevering with to develop in income; the common month-to-month retailer income has elevated from $50.6 million to just about $60 million because the final milestone the corporate shared in February 2022.
Although the platform continues to develop, the expansion itself has decelerated considerably. This, nevertheless, is to be anticipated contemplating the seasonality of the gaming business which tends to ramp up significantly in This autumn (and this determine from Meta is solely on the very starting of This autumn).
We’ll must see how a lot exercise the Quest retailer earns over the course of This autumn and the vacations earlier than we will be sure that this obvious deceleration is seasonal or a extra broad impact. Certainly the latest value hike of Quest 2 is a notable variable that must be thought of.
Meta hasn’t supplied any element breaking down the $1.5 billion determine, however we take it that it consists of video games, apps, DLC, and subscriptions offered by each the official Quest retailer and App Lab, and might also embody cross-buy titles that had been bought to be performed on the Oculus PC platform.
Whereas Meta has by no means formally confirmed the variety of headsets it has offered, Qualcomm (a key part provider for the headset) estimated the determine to be within the 10 million unit vary on the finish of 2021.